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Company Name: Axesstel

Description: Axesstel was founded in 2000. Since then, the company has constantly operated with the guidance of Mike Kwon who founded the company.

The company’s products impressively increased from year 2004 to 2005. This was proven by the company’s increased sales beginning from $11 million to more than $95 million. The company’s product sales continuously grew for two years. In May 2004, the starting public offering was created.

Production of broadband and fixed wireless data systems components was the main operation carried out by the company. These equipments are utilized to connect communication networks with fixed office telephones through cellular technology. The products provided to telecommunications companies were one of the things the company performed. Also, the company’s products are distributed to other countries which in return are sold to end users.

Today, the company is managed by the Bryan Min as the Chairman, together with H. Clark Hickock as the Director and Chief Executive Officer and Chief Financial Officer, and Secretary Patrick C. Gray.

All of the company’s products follow the technologies of 3G, GSM (Global System for Mobile Communications) CDMA (Code Division Multiple Access). The 3G technologies that are supported are WiMax, WiBro, HSDPA and HSUPA. These are commonly used internationally by telecommunications companies.

The company’s broadband modems allow the users to connect to networks equipped with high-speed data communication. These networks make connecting to the Internet faster. The fast Internet connection will allow companies to communicate to personnel on the field. The message will then be carried by the user’s telecommunication provider then sent to the intended recipient’s mobile phone.

Large companies that are competing with Axesstel are ZTE, Huawei Technologies and LG Electronics. On the other hand, the major customers of the company include Telefónica Móviles, Bharat Sanchar Nigam Limited (India) and Telecommunications Movilnet. Telefónica Móviles and Telecommunications Movilnet are operators from Latin America.

The company is now focused on developing the next generation technology. It includes voice and high speed data communication. If these technologies are developed, the company is certain that it will be very useful in the IT industry.

The company is also planning of broadening it sales network. It will be achieved by fusing the company’s product marketing and manufacturing. Axesstel is also targeting to get a large market share worldwide. Especially that the use of Wireless Fidelity (Wi-Fi) and Wireless Broadband Hotspot technology in mobile devices are advancing.

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